Friday, 24 March 2017

Reuters Deals Today: March 24, 2017

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Friday, March 24, 2017
PPG to make case for Akzo acquisition to Dutch government officials
AMSTERDAM (Reuters) - The chief executive of U.S. paint maker PPG meets Dutch government officials on Friday to make the case for its proposed 22.7 billion euro ($24.5 billion) takeover of Dutch peer AkzoNobel .
Toshiba decides on Westinghouse bankruptcy, sees $9 billion in charges: sources
TOKYO (Reuters) - Japan's Toshiba Corp has informed its main lenders it is planning for U.S. nuclear unit Westinghouse Electric Co LLC to file for bankruptcy on March 31, people briefed on the matter said on Friday.
Sears' plan to sell brands no salve for financial woes
(Reuters) - Sears' plan to avoid bankruptcy in part by selling off or licensing brands including Kenmore and DieHard may prove difficult because of changing consumer tastes and possible legal roadblocks.
Blackstone sells 21 percent stake in SeaWorld to China's Zhonghong Zhuoye
(Reuters) - China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP's 21 percent stake in SeaWorld Entertainment Inc , the embattled U.S.-based marine park operator said on Friday.
China's HNA Group sets up $2.9 billion buyout fund with China Cinda
HONG KONG (Reuters) - Chinese conglomerate HNA Group [HNAIRC.UL] and China Cinda Asset Management have signed a strategic agreement to set up an industry buyout fund worth at least 20 billion yuan ($2.91 billion), HNA said in a statement on Friday.
Samsung Elec rejects calls for holding company structure, for now
SEOUL (Reuters) - Samsung Electronics Co Ltd on Friday said it will not adopt a holding company structure for now, rejecting demands from U.S. activist hedge fund Elliott Management and putting off a long-anticipated restructuring.
Deutsche Boerse extends finance head's contract
FRANKFURT (Reuters) - German exchange operator Deutsche Boerse has extended the contract of finance head Gregor Pottmeyer by five years until 2022, it said on Friday.
Carlyle Group takes minority stake in Indian logistics firm Delhivery
NEW DELHI (Reuters) - The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million, the buyout fund said on Friday.
Saudi in 'serious discussions' with NYSE for Aramco IPO listing: foreign minister
WASHINGTON (Reuters) - Saudi Arabia is having "serious discussions" with the New York Stock Exchange about having the NYSE as one of the exchanges for state oil giant Saudi Aramco's IPO, the Saudi foreign minister told Fox News on Thursday.
Yingde Gases 'accidental win' for minorities fans sparks of activism
HONG KONG (Reuters) - The messy battle to control China's largest producer of industrial gases has turned into a serendipitous victory for minority investors that could encourage more shareholder activism in Asia.
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